The Black Desert Resort project in southern Utah is the industry’s largest C-PACE transaction funded to date. The landmark deal used $153 million in C-PACE proceeds as part of the $820 million, 580-acre resort development. C-PACE financing is funding numerous eligible energy-efficient and resiliency solutions, showcasing the value that C-PACE financing brings to property owners. The size and scale of this project demonstrates that institutional investors and property owners are comfortable using C-PACE in large, complex construction and renovation projects.
Black Desert Resort, Ivins, Utah